Project Lotus 2.0 — Sale in Philadelphia, PA

  • Price: $52
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Philadelphia, PA

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Description

Jones Lang LaSalle (“JLL”) is proud to present Project Lotus, an exceptional 581-home/638-unit single-family rental portfolio strategically positioned in the thriving Philadelphia market. This premier investment opportunity showcases a robust 86% Section 8 tenant base, offering in-place affordability, confirmed rent increases, and valuable tax abatements. The result is a stable and predictable cash flow stream with secured rent growth projections for the coming years. Over the course of the current ownership, more than $52 million in capital expenditures have been meticulously invested, resulting in well-maintained homes with renovated interiors and an impressive average effective age of approximately 7 years. This substantial investment underscores the portfolio’s quality and long-term value proposition. Project Lotus is uniquely positioned at the intersection of three dynamic market trends: Philadelphia’s strong urban fundamentals, the burgeoning singlefamily rental sector, and the ever-growing demand for quality affordable housing. This convergence creates an unparalleled opportunity for investors to capitalize on the momentum of these expanding markets. By acquiring Project Lotus, investors will secure a meticulously maintained, cash-flowing portfolio of 638 single-family rental units, poised to benefit from Philadelphia’s robust market dynamics and the increasing demand for affordable housing options.

Market Context

This multifamily in Philadelphia, PA is listed for sale at $52. Compare it against other multifamily listings for sale in Philadelphia, PA — view the full market.

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